Statistics

A selection methodology for faster acceptance of the estimation of loss distribution models.

Author

Luo, Xiao Rong.

Date of Issue

2001

School

College of Business (Nanyang Business School)

Abstract

Losses will be made whenever insured accidents occur, and the total claims are the sum of a random number of random claim amounts. This research project will concentrate on one of the components of the total claim amount- the individual calim amount, assuming that the individual calim amounts are drawn from a particular distribution, called a loss distribution.